Solar Energy News  
ENERGY TECH
Nabucco wants gas deals by end of March

disclaimer: image is for illustration purposes only
by Staff Writers
Berlin (UPI) Feb 8, 2011
The Nabucco consortium wants concrete commitments for natural gas deliveries by the end of March so it can launch the pipeline project.

"We are in intensive discussions with all potential suppliers," Stefan Judisch, chief executive of RWE Supply and Trading, one of the firms behind Nabucco, said in an interview with the Financial Times newspaper. "They need to tell us how much gas is available, and as of when."

Six nations and companies including Germany's RWE and OMV from Austria support Nabucco, which would transport up to 31 billion cubic meters of gas per year from Caspian and Middle Eastern gas to Europe, bypassing Russia, the continent's main supplier.

Consortium members are in talks to secure gas from The Kurdish province in northern Iraq, Azerbaijan and Turkmenistan. Judisch said the consortium wanted to reach agreement with all three countries by the end of March.

"Nabucco is all about diversity of supply," he said. "We now need to have concrete commitments of volumes this quarter. Then we can start the open season in the second half to start acquiring rights of way. We would start spending quite a lot of money."

The European Union has identified Nabucco as a key project to diversify Europe's energy imports. European Commission President Jose Manuel Barroso and Energy Commissioner Guenter Oettinger recently visited Azerbaijan and Turkmenistan to secure gas commitments from the region.

The Kremlin as a response to Nabucco launched South Stream, which would move double the amount of gas per year and is vying for similar customers to Nabucco. Also in the race to link the so-called Southern Corridor to European customers are smaller projects such as the Trans-Adriatic Pipeline, the Turkey-Greece-Italy Interconnector or the Azerbaijan-Georgia-Romania Interconnector.

Experts have questioned that there is supply and demand for all those projects, an analysis that has resulted in what the media has termed the "pipeline war."

Ever since a row over gas prices with Ukraine in 2006, the Kremlin has been accused of using its energy reserves as a political pressure tool. The lack of trust has resulted in conflicts over Europe's diversification strategy, with Russia threatening to supply Asia's emerging economies instead.

The problems have intensified as Europe is pushing for renewable energy and in the wake of the financial crisis demand and prices for gas have tumbled.



Share This Article With Planet Earth
del.icio.usdel.icio.us DiggDigg RedditReddit
YahooMyWebYahooMyWeb GoogleGoogle FacebookFacebook



Related Links
Powering The World in the 21st Century at Energy-Daily.com



Memory Foam Mattress Review
Newsletters :: SpaceDaily :: SpaceWar :: TerraDaily :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News


ENERGY TECH
Brent oil price falls under $98 after China rate hike
London (AFP) Feb 8, 2011
Brent crude oil fell under $98 on Tuesday as investor sentiment was hit by the outlook for demand in China after Beijing hiked interest rates again to cool its booming economy. The price then recovered, however, in late London deals to close in on $100 as the dollar weakened, making crude cheaper for holders of rival currencies. Brent North Sea crude for delivery in March fell to $97.51 ... read more







ENERGY TECH
Indonesian palm oil giant vows to save forests

Ethanol Emergency Response Training Introduced To Nine Selected Cities

Construction Of Phase II Grower Harvester Technology Completed

Biofuels Production From Integrated Seawater Agriculture System

ENERGY TECH
Robonaut 2 Set To Launch In February

Intelligent Microscopy Uses Advanced AI Software

LCD Projector Used To Control Brain And Muscles Of Tiny Organisms Such As Worms

Robotic ball a hit at electronics show

ENERGY TECH
GL Garrad Hassan Launches Onshore Wind Resource Mapping For UK

Construction Begins On Dempsey Ridge Wind Project

India's Suzlon wins $1.28 bn wind power deal

German wind sector hopes for 2011 comeback

ENERGY TECH
Normal Air Could Halve Fuel Consumption

General Motors China sales up 22.3% in January

Research Helps Drivers Cut Fuel Use

World record e-car burns amid controversy

ENERGY TECH
PetroChina to invest $5.4 billion in Canada gas

Aluminum To Replace Copper As A Conductor In On-Board Power Systems

Russia to boost defences on Kuril islands: Medvedev

Australia blames mining for greenhouse gas rise

ENERGY TECH
Curved Carbon For Electronics Of The Future

New Research Shows How Light Can Control Electrical Properties Of Graphene

EPA to defer greenhouse gas permitting

Obama to regulate carbon from power plants

ENERGY TECH
China and the U.S. sign energy deals

Europe launches trillion-euro energy revamp

Neiker-Tecnalia Creates Air-Conditioned Greenhouse With Alternative Energies

Mexico supplies electricity to wintry Texas

ENERGY TECH
Along Sega, eco warrior and tribal chief, dies in Borneo

Wildlife volunteers kidnapped in east India: police

Forests could start growing again: UN expert

Indonesia makes startling admission on forests


The content herein, unless otherwise known to be public domain, are Copyright 1995-2010 - SpaceDaily. AFP and UPI Wire Stories are copyright Agence France-Presse and United Press International. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by SpaceDaily on any Web page published or hosted by SpaceDaily. Privacy Statement